US stocks today: Wall Street slips from record highs as inflation steadies; traders eye September Fed rate cut
US stocks experienced a pullback on Friday following recent record highs, influenced by steady inflation data. The S&P 500 dipped 0.5%, while technology shares, particularly Dell, faced declines. Despite inflation remaining above the Fed’s target, expectations for a potential rate cut in September persist, impacting bond yields and market sentiment.🕒 1 min read
US stocks experienced a pullback on Friday following recent record highs, influenced by steady inflation data. The S&P 500 dipped 0.5%, while technology shares, particularly Dell, faced declines. Despite inflation remaining above the Fed’s target, expectations for a potential rate cut in September persist, impacting bond yields and market sentiment.
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